economy
May 4, 2026
These are the U.S. companies with which Venezuela has signed oil contracts
Venezuela signed energy agreements on Thursday with U.S. companies Hunt Overseas Oil Company and Crossover Energy, in the presence of White House envoy Jarrod Agen, who arrived in the country on the inaugural Miami-Caracas flight.
TL;DR
- Venezuela signed energy agreements with U.S. companies Hunt Overseas Oil Company and Crossover Energy.
- The agreements aim to boost oil and gas production in the Orinoco Belt.
- The deals will also utilize associated gas to strengthen the national electricity system.
- The signing occurred in the presence of White House envoy Jarrod Agen.
- These agreements signal renewed diplomatic and economic ties between Venezuela and the U.S.
- Investments in the mineral sector are reported to exceed $2 billion.
- Venezuela has previously signed agreements with international companies like Chevron, Eni, and Repsol.
- Reforms to hydrocarbon and mining laws have facilitated private participation in the industry.